Zoom's quarterly results and increased guidance led to its best day in nearly two years.

• On Thursday, Zoom's stock price increased following the release of the company's second-quarter results, which exceeded expectations, and an upgrade to its full-year outlook.
• Zoom announced that revenue for fiscal 2025 will be between $4.63 billion and $4.64 billion, lower than their previous expectation of up to $4.62 billion.
• During the earnings call, CEO Eric Yuan announced that the company secured its largest new contact center deal in the quarter.

On Thursday, the video chat company's shares soared the most since November 2022 after reporting better-than-expected results for the second quarter and raising its full-year guidance.

Although the stock increased by 13% to end at $68.04, it is still 5.4% below its yearly performance, while the Nasdaq has experienced a 17% growth during the same period.

LSEG reported that Zoom's revenue in the quarter increased by 2.1% from the previous year to $1.16 billion, surpassing the average analyst estimate of $1.15 billion. Additionally, the adjusted earnings per share were $1.39, exceeding the $1.21 average estimate.

Zoom now anticipates revenue of $4.63 billion to $4.64 billion for the full fiscal year, an increase from the previous guidance of $4.62 billion.

Despite experiencing a slowdown in growth due to the pandemic, Zoom has managed to stabilize and decrease customer churn, while also strengthening its contact center business. During a recent call, CEO Eric Yuan announced that Zoom secured its largest contact center customer ever in the second quarter.

Almost 90% of the shares' value has decreased since October 2020.

In the second quarter, net income rose to $219 million, or 70 cents per share, from $182 million, or 59 cents per share, in the previous year.

Zoom has announced that CFO Kelly Steckelberg will be leaving the company after the third quarter results are reported. The company has hired an executive search firm to find a replacement for Steckelberg, who joined Zoom in 2017. Meanwhile, Harris has stated that fundraising on Zoom is a "nice lever" for the company.